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Dec 31, 2012
12/12
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if this good deal -- the fiscal could deal -- the fiscal cliff deal. you think during their well- earned christmas break, both sides would find a way to come together and do something. >> this is not the fault of congress. congress is behaving like congress. this is the president's fault here the president needs to go to the country and explain why they need to get this done. he has never done this. >> i have heard him talk about it over and over incessantly about why we have to avoid the fiscal clip. it is the fault of congress. they created this fiscal cliff. they did it. no one else imposed this on them. >> the president has never gone to the nation and made a serious speech about dt. he ignored it the first two years. he appoints a commission that he studiously ignores for the next two years. that is why we are at the clip now. he is not serious about the debt. none of his proposals to raise taxes on the rich. he has never put any political capital in entitlement reform our tax reform. he'll talk about it here and there. never invested any capital
if this good deal -- the fiscal could deal -- the fiscal cliff deal. you think during their well- earned christmas break, both sides would find a way to come together and do something. >> this is not the fault of congress. congress is behaving like congress. this is the president's fault here the president needs to go to the country and explain why they need to get this done. he has never done this. >> i have heard him talk about it over and over incessantly about why we have to...
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Jan 7, 2013
01/13
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. >> the fiscal cliff deal gets in a little bit too but everyone. secretary of state and i clinton recovering from a major health scare and a preview of the president's new cabinet. forget the politicians. invite this young man. captioned by the national captioning institute --www.ncicap.org-- >> happy new year. the good news is we did not go over the fiscal cliff, not quite, not without controversy. as we approach the end of the year, the speaker of the house confront the the majority leader and urged them to perform an anatomically improbable act upon himself. this is what passes for frugality in our nation's capital. of course, they got the work done, but it displeased republicans looking for spending cuts, not tax hikes. >> i think it was a lousy deal. it raise taxes about $620 million and it will hurt the economy and kill jobs. >> this is just one step in the broader effort to broader opportunity for everyone. >> president obama and the new republican senator from texas, ted cruz. contrary to what you have heard, we did not face up to an econom
. >> the fiscal cliff deal gets in a little bit too but everyone. secretary of state and i clinton recovering from a major health scare and a preview of the president's new cabinet. forget the politicians. invite this young man. captioned by the national captioning institute --www.ncicap.org-- >> happy new year. the good news is we did not go over the fiscal cliff, not quite, not without controversy. as we approach the end of the year, the speaker of the house confront the the...
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Jan 28, 2013
01/13
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cliff deal. when did you know that this language was in it? >> i never knew it. i didn't know until i read the story in the "times," and i was outraged. what happened here was a couple of things. one, this was a lame duck session negotiation. and it didn't even involve congress, the truth of the matter is. it involved the president and his staff. it involved the speaker. and it involved the senate leaders. and that's pretty much it. but it didn't go through any committee process. so there was no opportunity for members to get a heads up that this was something that was cooking. because had this been made public that amgen was asking for this sweetheart deal, people would have objected and they would have been so embarrassed. >> you mean other members of congress? >> other members of congress would have been very concerned, republicans, too, by the way. i mean, this type of crony capitalism, they don't -- a lot of them really do not like. so we didn't have the process work in its normal way, where
cliff deal. when did you know that this language was in it? >> i never knew it. i didn't know until i read the story in the "times," and i was outraged. what happened here was a couple of things. one, this was a lame duck session negotiation. and it didn't even involve congress, the truth of the matter is. it involved the president and his staff. it involved the speaker. and it involved the senate leaders. and that's pretty much it. but it didn't go through any committee...
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Dec 6, 2012
12/12
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traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's companiespy is 1949. let's take a look at australia. the benchmark index is lower by about.25%, 4508. let's see where china takes us when they open the next hour. >>> european commission regulators have imposed a fine worth almost $2 billion for running two price-fixing cars sells. they say it's the highest-ever anti-trust penalty in their history. the commission leaders said they fined six companies a total of $1.47 billion euros for anti-competitive behavior. the firms are panasonic and toshiba, samsung sdi and lg electronics, phillips and technicolor. they say the officials of those companies me
traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's...
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Jan 14, 2013
01/13
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just hours before the fiscal cliff deal's higher individual tax rates kicked in, goldman handed lloyd blankfein and his top lieutenants "a total of $65 million in restricted stock," bonuses awarded a month earlier than usual so they could all beat the coming tax hike from which they have been spared for more than 10 lucrative years. it will not surprise you, i am sure, to learn that "corporations announced more special dividends last month than in any other december since at least 1955." doing everything they can to avoid helping pay off the debt their ceos have been urging congress to cut. as for working people, tough luck. because the fiscal cliff deal ends the cut in payroll taxes, the average worker this year will take home about a thousand dollars less. ♪ hey when paul gets really bummed out that's when i ♪ ♪ get scared but when paul says there's a glint of home ♪ ♪ i feel we've all been spared >> that's is for this week. at our website billmoyers.com you can find much more on money in politics. including an illustrated guide comparing the gilded age of the 19th century
just hours before the fiscal cliff deal's higher individual tax rates kicked in, goldman handed lloyd blankfein and his top lieutenants "a total of $65 million in restricted stock," bonuses awarded a month earlier than usual so they could all beat the coming tax hike from which they have been spared for more than 10 lucrative years. it will not surprise you, i am sure, to learn that "corporations announced more special dividends last month than in any other december since at...
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Nov 19, 2012
11/12
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. >> as the fiscal cliff limbs, is there a deal in the works? mitt romney explains why he lost . >> the president's campaign was focused on his base coalition, giving extraordinary gifts from the government, working aggressively to turn them out to vote. captioned by the national captioning institute --www.ncicap.org-- >> i just don't know where to begin this week. do we talk about republican charges of a cover-up with regard to the fatal attack in benghazi? do we talk about sexual liaisons and e-mails and national security? to talk about israel and gaza. the possibility of a deal to avoid going off the fiscal cliff? let's start with the sex. [laughter] general david petraeus had an affair with his biographer, paula broadwell, a married mother of two pit talk about unlimited access. general petraeus was set to testify as we were recording this program, so we don't know what he said yet. >> we are safer because of the work that dave petraeus has done. my main hope right now is that he and his family are able to move on, and that this ends up bein
. >> as the fiscal cliff limbs, is there a deal in the works? mitt romney explains why he lost . >> the president's campaign was focused on his base coalition, giving extraordinary gifts from the government, working aggressively to turn them out to vote. captioned by the national captioning institute --www.ncicap.org-- >> i just don't know where to begin this week. do we talk about republican charges of a cover-up with regard to the fatal attack in benghazi? do we talk about...
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Nov 28, 2012
11/12
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the document warns the fiscal cliff would not only deal a heavy blow to the u.s. but might drag the global economy into recession. as for japan, the oect downgraded the outlook from 1.5% to 0.7%. they cited weak domestic demand. analysts urged the nation to compile detailed reliable plans for fiscal reform. u.s. consumer sentiment hit the highest level in more than four and a half years. researchers at analytics form the conference board say the consumer confidence index rose for a third straight month. the numbers rose to 73.7 in november, up from 73.1 in october. that's against a base value of 100 set in 1985. they say that the christmas shopping season started smoothly last weekend and the analysts are still concerned about the impact the fiscal cliff may have on consumer sentiment. the index is a key indicator of recovery and consumer spending which accounts for 70% of u.s. gross domestic product. now let's get a check on the markets. japanese stock prices are trading lower after four straight days of gains in the nikkei average is currently down half a percen
the document warns the fiscal cliff would not only deal a heavy blow to the u.s. but might drag the global economy into recession. as for japan, the oect downgraded the outlook from 1.5% to 0.7%. they cited weak domestic demand. analysts urged the nation to compile detailed reliable plans for fiscal reform. u.s. consumer sentiment hit the highest level in more than four and a half years. researchers at analytics form the conference board say the consumer confidence index rose for a third...
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Dec 28, 2012
12/12
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the fiscal cliff would trigger tax increases and government spending cuts in january, leaving far less money in the economy. the international monetary fund warrants of knock on effects for the global economy. -- warns of knock on effects for the global economy. the pressure is on in washington to agree on a plan. only then might the applause on wall street be a little more genuine. >> with the clock ticking ever more loudly in washington, let's bring in our correspondent. first off, are the prospects of an agreement as dim as we are hearing, or could there be a last-minute deal? then of course this could happen, but i think it is quite unlikely. there is an increased pessimism that a deal can be achieved in washington, d.c. from my perspective, i think washington moves too slowly. tax rates will go for all americans, and cuts will go into effect by the end of this year, and we will see no more unemployment benefits for about 2 million americans. >> there are some technicalities here. what are the government's contingency plans? for example, how will it go about paying bills if no deal
the fiscal cliff would trigger tax increases and government spending cuts in january, leaving far less money in the economy. the international monetary fund warrants of knock on effects for the global economy. -- warns of knock on effects for the global economy. the pressure is on in washington to agree on a plan. only then might the applause on wall street be a little more genuine. >> with the clock ticking ever more loudly in washington, let's bring in our correspondent. first off, are...
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Jan 3, 2013
01/13
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members of the house approved a deal to step away from the fiscal cliff. people on wall street had mixed reactions. >> the housing market is turning. house prices are starting to turn up. the economy does look decent as we look at the broader picture for 2013. >> i see job cuts even more so because the fact that most of the companies are in the offshoring mode. >> investors realize that lawmakers have ways to go before they resolve their debt and deficit problems. let's look at closing figures. >>> the deal in congress gave asian markets a boost too. share prices gained ground in the first trading session of the year. investors on the hong kong stock exchange kicked off the new year with a bang. the hsi closed two points higher than on december 31st and surpassed last year's high. the main index in singapore rose. investors can be optimistic about asian markets. they point to the resolution of the fiscal cliff. the chinese economy shows signs of picking up. >>> japanese prime minister is focusing on rebuilding japan u.s. relations in the face of many inter
members of the house approved a deal to step away from the fiscal cliff. people on wall street had mixed reactions. >> the housing market is turning. house prices are starting to turn up. the economy does look decent as we look at the broader picture for 2013. >> i see job cuts even more so because the fact that most of the companies are in the offshoring mode. >> investors realize that lawmakers have ways to go before they resolve their debt and deficit problems. let's look...
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Oct 29, 2012
10/12
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with this fiscal cliff in which the'th trie qute deal, those people are holding thcotrhoag i'gog gto you, the country, and ask you to pressure your representatives, including the republics, to make deal, fid common gund with u and that's what it's going be like inheute. ba h n me coinng case that the way in which the non-part -- the way in whichhe tter partanship of e past wod dfentroth future. why wouldn't mch mcconnl and john boehner be even more cis wa h ith future, and ferociously so than thy haveeen in the past? >> president obama and speaker boeeramve cseo ath h bh vee d cuts on the table. in the first debate, we had kind ofn roc omt wch governor romney was both confirming that he would not put new revenue on the table and sinth hwagog b birtanndet sution. you can't sit down with the democrats and say, "i'm going to be bipartisan," and not offer anything. wht e puics ve to offer is revenue. and what the democrats ve to offer is spending cuts. d tt anbaaiwhh fl arbeusnehecod appease their own base effectively, they had both cuts and revenue on the table. that's where we're going
with this fiscal cliff in which the'th trie qute deal, those people are holding thcotrhoag i'gog gto you, the country, and ask you to pressure your representatives, including the republics, to make deal, fid common gund with u and that's what it's going be like inheute. ba h n me coinng case that the way in which the non-part -- the way in whichhe tter partanship of e past wod dfentroth future. why wouldn't mch mcconnl and john boehner be even more cis wa h ith future, and ferociously so than...
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Nov 29, 2012
11/12
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the so-called fiscal cliff. the euro is edging higher against the yen and that's changing hands at 106.24-26. let's take a look at stocks now. tokyo share prices are edging higher as concerns about the u.s. economy are receding. the nikkei average at 9371, a gain of .7% from wednesday's close. export-related issues, including automakers, are leading the market advance. and taking a look at other markets open in the asia-pacific, we're seeing south korea's kospi trading higher by .9%, 1929. and in australia, the benchmark index is trading higher by .4%, 4465. we'll see where china takes us in the next hour. >>> countries around the world are accelerating moves to solidify trade relations. among them, japan and the european union are seeking an economic partnership. but france's trade minister says yeahn pa will have to meet certain conditions before that happens. eu trade ministers will begin discussions on thursday on whether to approve the start of negotiations with japan for an economic partnership agreement.
the so-called fiscal cliff. the euro is edging higher against the yen and that's changing hands at 106.24-26. let's take a look at stocks now. tokyo share prices are edging higher as concerns about the u.s. economy are receding. the nikkei average at 9371, a gain of .7% from wednesday's close. export-related issues, including automakers, are leading the market advance. and taking a look at other markets open in the asia-pacific, we're seeing south korea's kospi trading higher by .9%, 1929. and...
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Dec 25, 2012
12/12
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the fiscal cliff is keeping the mood on wall street down. blue chips trading a bit lower and a mixed session with retailers. it looks like the christmas shopping season was not that stellar, at least for the traditional retailers. the fiscal cliff is the big topic and traders are hoping we resolve that in the next few days. >> after his singsong of waiting until the sun shines. christmas eve and the dow slipping just a little bit down. in the currency market, the euro against the dollar, $1.3187. final day of the festive shopping season, the biggest moneymaker for plenty of retailers, so how did this year's sales measure up? >> it will take time for the numbers to be processed, but most think it was better than average. >> germans use the remaining hours before the shops close to snap up last-minute gifts. the big department stores in frankfurt were chock full of customers. >> my personal budget for gifts this year was nearly 1000 bureau. my presence included electronic gear, hiking boots, and clothing. >> i did400-500 euro. a few things for
the fiscal cliff is keeping the mood on wall street down. blue chips trading a bit lower and a mixed session with retailers. it looks like the christmas shopping season was not that stellar, at least for the traditional retailers. the fiscal cliff is the big topic and traders are hoping we resolve that in the next few days. >> after his singsong of waiting until the sun shines. christmas eve and the dow slipping just a little bit down. in the currency market, the euro against the dollar,...
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Feb 27, 2013
02/13
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cliff in december. congress has not come up with any measures to deal with deficits. and unless concessions are made, americans will have to bear the brunt of $85 billion in budget cuts. let's take a look at the markets now. first getting a check of stocks. tokyo stock prices are trading lower today. market watchers say investors remain concerned about italy's fiscal restructuring. meanwhile, sentiment is somewhat supported by tuesday's u.s. stock market gains as housing data exceeded market expectations. the nikkei, though, at the moment down over .8% at 11,302. that is down .8% from tuesday's close. now let's take a look at the currency markets, see what's happening there. now, the dollar is trading just slightly higher against the yen. sources say market players are buying the dollar due to an optimistic view on the u.s. economic outlook, and that's after reassuring comments from u.s. fed chief bernanke as well as positive housing data. now, the dollar/yen is trading at 91.93-95. meanwhile, the euro/
cliff in december. congress has not come up with any measures to deal with deficits. and unless concessions are made, americans will have to bear the brunt of $85 billion in budget cuts. let's take a look at the markets now. first getting a check of stocks. tokyo stock prices are trading lower today. market watchers say investors remain concerned about italy's fiscal restructuring. meanwhile, sentiment is somewhat supported by tuesday's u.s. stock market gains as housing data exceeded market...
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Nov 26, 2012
11/12
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. >> still ahead, the fiscal cliff. come along for the ride. >> we had a very constructive meeting with the president to talk about america's fiscal problems. i outlined a framework that deals with reforming our tax code and reforming our spending. i believe the framework that i have outlined in our meeting today is consistent with the president's call for a fair and balanced approach. to show our seriousness, we have put revenue on the table house speaker boehner -- on the table. >> house speaker pinera today after a meeting -- house speaker john boehner after a meeting at which the white house. does that mean that republicans are considering raising taxes on wealthy americans? >> yes, but there's a divorce between raising revenues and raising rates. and i'm afraid that half of washington, the liberal half, has an inability to understand. you can keep rates the same, or even lower them, as was recommended by the president's own debt commission, which he rejected, if you broaden the base by eliminating deductions and cr
. >> still ahead, the fiscal cliff. come along for the ride. >> we had a very constructive meeting with the president to talk about america's fiscal problems. i outlined a framework that deals with reforming our tax code and reforming our spending. i believe the framework that i have outlined in our meeting today is consistent with the president's call for a fair and balanced approach. to show our seriousness, we have put revenue on the table house speaker boehner -- on the table....
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Dec 21, 2012
12/12
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meanwhile, investors are keeping an eye on washington as the deadline to avert the so-called fiscal cliff comes ever closer. >> a different kind of click now -- thousands of mystics, new-age and deals and fans of pre- hispanic culture made their way to mexico in hopes of witnessing great things in less than 24 hours now. that is when the old mayan calendar predicts the end of the current world and the dawn of a new one. >> many of today's ethnic maya do not understand what all the fuss is about. mostly christian, they have looked on in wonder at the influx of foreign tourists to ancient cities in southern mexico and central america was a past hundreds of years ago. -- whose heyday past hundreds of years ago. >> they are dancing according to an ancient mayan ritual in preparation for the end of the world. these days, the famous complex in guatemala is full of visitors. many tourists have come to experience the big day. >> there are mixed feelings. s going to end. others believe it is the end of one era and the beginning of another. democrats are also gathering at mayan sites in mexico. tou
meanwhile, investors are keeping an eye on washington as the deadline to avert the so-called fiscal cliff comes ever closer. >> a different kind of click now -- thousands of mystics, new-age and deals and fans of pre- hispanic culture made their way to mexico in hopes of witnessing great things in less than 24 hours now. that is when the old mayan calendar predicts the end of the current world and the dawn of a new one. >> many of today's ethnic maya do not understand what all the...
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Dec 17, 2012
12/12
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. >> i would liken the fiscal cliff to the y2k problem, remember? at the end of 1999, there were many people who were worried that all the computers would cease working and the planes would fall out of the sky. and, of course, none of that happened. but, of course, one of the reasons it didn't happen is because everybody prepared for it ahead of time. and that's essentially what's happening right now. i think the important thing to remember is that there's no possible way of a deal before the last possible minute. and one reason for this, is that john boehner is, the speaker of the house, is in a very precarious position regarding his own membership. and it's article of faith among republicans that any deal that is arrived at too soon is to their disadvantage, because they could have always gotten a better deal if they'd simply held out and hung tough longer. and so boehner is in a position where even if he knew exactly what the deal would be today, he cannot deliver on it until, you know, 11:59 on december 31, or else his own members will attack hi
. >> i would liken the fiscal cliff to the y2k problem, remember? at the end of 1999, there were many people who were worried that all the computers would cease working and the planes would fall out of the sky. and, of course, none of that happened. but, of course, one of the reasons it didn't happen is because everybody prepared for it ahead of time. and that's essentially what's happening right now. i think the important thing to remember is that there's no possible way of a deal before...
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Dec 10, 2012
12/12
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we want to keep that in mind as we head towards the fiscal cliff. only four in 10 americans expect the white house and congress to reach a deal on the cliff before the first of the year, and if this goes south, a 53% of the american people are prepared to blame republicans. the president's job approval rating is well over 50%. congress' approval rating is under 20%. why what a the president back down? >> the president isn't interested in a balanced agreement, not particularly interested in avoiding a fiscal cliff, and clearly not been tested at all in cutting and spending. >> the senate minority leader says that what the president is interested in is getting as much taxpayer money has he can so that he can spend to his heart's content. with his approval ratings going up and congress' numbers at historic lows and the unemployment rate dropping, why with the president back down? charles? >> to some extent he is under estimating the damage she will suffer if -- he suffer if we go over the cliff. it will hurt the republicans in congress, which is why de
we want to keep that in mind as we head towards the fiscal cliff. only four in 10 americans expect the white house and congress to reach a deal on the cliff before the first of the year, and if this goes south, a 53% of the american people are prepared to blame republicans. the president's job approval rating is well over 50%. congress' approval rating is under 20%. why what a the president back down? >> the president isn't interested in a balanced agreement, not particularly interested...
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Jan 1, 2013
01/13
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second component of the fiscal cliff is large federal spending cuts. the cuts will take effect if the two parties fail to strike a deal. spending would be reduced in areas such as health care which democrats oppose. the defense budget would also be cut. republicans are against that happening. the u.s. congressional budget office says the sudden belt-tightening could cause negative growth by the fourth quarter of 2013. the unemployment rate is expected to rise above 9% if the economy dampens. the european and japanese economies are losing steam. economists are focusing on whether leaders can avoid the fiscal cliff and keep the economy on track. >>> u.s. markets have closed for the day. here are the closing figures. >>> new japanese prime minister shinzo abe has given a new year address. he promised to revive the struggling economy. abe said the country is facing several crises. he said deflation, territorial disputes and slow progress in post-disaster reconstruction were the most pressing concerns. he said his cabinet has a mission to put the economy, e
second component of the fiscal cliff is large federal spending cuts. the cuts will take effect if the two parties fail to strike a deal. spending would be reduced in areas such as health care which democrats oppose. the defense budget would also be cut. republicans are against that happening. the u.s. congressional budget office says the sudden belt-tightening could cause negative growth by the fourth quarter of 2013. the unemployment rate is expected to rise above 9% if the economy dampens....
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Dec 19, 2012
12/12
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coming to the fiscal cliff as time is running out, there is really some hope that the parties are coming closer to reach a deal. president obama made important tax concessions and agreed to cut social spending by more than $1 billion. the german dax is up 0.4%. the euro is coming closer to $1.32. >> thanks very much. >> she was once considered the richest woman in germany, but she lost almost her entire fortune. now, she wants her money back, and she is taking her case to court. >> she is going head-to-head with a private bank. she claims she was given for advice when she invested in a retail group that collapsed spectacularly three years ago. she is suing for 1.9 billion euros. the bank denies the allegations. >> today is the united nations' international migrants day, dedicated to those who left their homes in search of a better life. 198 people living in germany was born abroad. >> many migrants here came from turkey in the 1960's and 1970's. this first generation is settling down to retire, and it is posing new challenges for care providers. >> this care worker for the last two years
coming to the fiscal cliff as time is running out, there is really some hope that the parties are coming closer to reach a deal. president obama made important tax concessions and agreed to cut social spending by more than $1 billion. the german dax is up 0.4%. the euro is coming closer to $1.32. >> thanks very much. >> she was once considered the richest woman in germany, but she lost almost her entire fortune. now, she wants her money back, and she is taking her case to court....
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Dec 17, 2012
12/12
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right here i it is this issue, spending. >> this week on "inside washington," more fiscal cliff notes. susan rice takes her name off the board. >> i did not want to see a confirmation process that was very prolonged, very politicized, very distracting, very destructive. >> what do you think will happen to assad? >> killed. >> michigan, the home of the united auto workers, now a right to work state. >> and they have been guarding the governor's office all day. >> the supreme court will tackle a marria -- gay marriage. >> it is about time. captioned by the national captioning institute --www.ncicap.org-- >> if we make it through december, everything will be all right. i would sing that for you, but i don't wish to offend merle haggard. feels like the coldest time of winter on capitol hill. >> there has not been any progress. >> the president and his allies have taken so many things off the table the only thing left is varnish. >> charles, are we going off the cliff? >> look, it is almost impossible to predict. the republicans are in such disarray that they may take on december 30. if th
right here i it is this issue, spending. >> this week on "inside washington," more fiscal cliff notes. susan rice takes her name off the board. >> i did not want to see a confirmation process that was very prolonged, very politicized, very distracting, very destructive. >> what do you think will happen to assad? >> killed. >> michigan, the home of the united auto workers, now a right to work state. >> and they have been guarding the governor's...
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Nov 28, 2012
11/12
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is charging full speed at the fiscal cliff. the dramatic fiscal tightening triggered by this press this could tip the u.s. and possibly the whole global economy into recession. here is more. >> precision craftsmanship, made in the usa the marlon still company in baltimore produces wire baskets for the automobile, defense, and medical industries. it is one of the fastest-growing companies in the u.s. the company president wants to keep it that way, but at the moment, he is holding off on further investments. >> this robot is a good quality robot. phowever, we want to buy the brand-new version that is made in germany. we are pausing right now because of the fiscal cliff. there is so much uncertainty about what will happen in the future. we are not pulling the trigger to by the german robot. >> the prospect of falling off the fiscal cliff frightens more than just greenblatt. numerous business owners across the country are withholding investments in choosing not to hire new workers. that is because numerous tax advantages expire at
is charging full speed at the fiscal cliff. the dramatic fiscal tightening triggered by this press this could tip the u.s. and possibly the whole global economy into recession. here is more. >> precision craftsmanship, made in the usa the marlon still company in baltimore produces wire baskets for the automobile, defense, and medical industries. it is one of the fastest-growing companies in the u.s. the company president wants to keep it that way, but at the moment, he is holding off on...
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Dec 1, 2012
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cliff. president obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is not reached by december 31, a $600 billion combination of tax increases and spending cuts goes into effect. let's get a check now on how the markets reacted to all of that news. our correspondence sent us this report from frankfurt. >> the dax climbed for about 2% this week, and share prices have been pushed mainly by the rescue package for greece, but at this last trading day of the week, trading has been quite low. the positive trend continued, although there has been some bad news coming in, like the record high unemployment rate in the euro area and the fact that u.s. consumers spend less money in october. nevertheless, the mood is fine. investors hope the fiscal cliff in the u.s.a. can be avoided. >> let's get a closer look at friday's trading. with all that uncertainty in washington, traders were playing i
cliff. president obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is not reached by december 31, a $600 billion combination of tax increases and spending cuts goes into effect. let's get a check now on how the markets reacted to all of that news. our correspondence sent us this report from frankfurt. >> the dax climbed for about 2% this week, and share prices have been pushed...